Money

Mobile Financial Services’ Transactions to Exceed $1 Trillion in Emerging Markets by 2024, Juniper Says
The total transaction value of the MFS (Mobile Financial Services) market will exceed $1 trillion by 2024; rising from $580 billion in 2019. This is a growth of 70 per cent. The figures are contained in a new study from Juniper Research. The research identified a range of untapped opportunities

COVER STORY: Buy Now Pay Later debt will soon hit $1 billion. How Sustainable is the Model?
As Australia’s buy now pay later (BNPL) bill races towards $1 billion, driven by the popularity of services like AfterPay and ZipPay, research commissioned by Which-50 paints a picture of growing impulsivity — especially by younger consumers — and raises some questions about the sustainability of the model. According to

Catch Group dips its toes into financial lending
Catch Group is expanding its online offering launching an online personal loan product with Now Finance named Catch Personal Loans. The online retailer claims it is “taking aim at the big banks” through the introduction of this new financial product helping customers get the “best possible finance deal to fund

Consumers would use AI to save time and money: Gartner
Consumers say they would use artificial intelligence if it helps them save time and money. That’s the finding from a recent survey by Gartner. The survey found 58 per cent of respondents would use AI if it helps them save time by taking over some tasks and 53 per cent

Online money transfer outfit WorldRemit raises a $100m
Online money transfer service WorldRemit has raised $100m in a Series B funding round led by Technology Crossover Ventures (TCV), with participation from existing investor Accel Partners. It is the second major funding announcement in recent weeks in the money transfers market following the news that Andreessen Horowitz back Transferwise collected

The analyst Chatter Report – privacy, digital money and multiple magic quadrants
Forrester and Gartner both released digital themed research this week with data privacy, digital money, mobility and business analytics all featuring as conversation starters in this week’s research analyst Chatter Report Each week, the KINSHIP digital/Which-50 analyst Chatter Report finds the social shares that originate from research and analysis outfits

Money is not enough — for brands, content quality remains king on Facebook
We have written before about the disastrous impact of Facebook’s stranglehold on brand engagement within the social network. Deeper analysis, however, reveals that there is an upside. Once again — in the manner of the web — when the consumer wins, everyone wins. According to a study by Social Bakers, and

Is Twitter the anti-Facebook IPO? Sure – its losing money, its growth is slowing but at least its bankers are the same
Here’s what we have learnt about Twitter from it’s IPO filing. The company has 218 million active monthly users up from 151 million a year ago. It has about 100 million daily active users. We also know that it generated revenues of $US254 million in the first six months of